Bitcoin's outlook is less optimistic than at the start of the year, with the potential for the kind of bull market pullback we often see after a "halving" that splits Bitcoin in half every four years. Below are the latest Bitcoin predictions, Bitcoin price predictions for 2024 and beyond and also the future of Bitcoin.

Bitcoin rose almost 75%, from the level of $42,283 to new highs above the level of $73,000 in the first quarter, supported by 11-digit inflows from US investment funds, as well as the halving in the classification process that occurred on 19 April and the long-awaited expectations of a cut in federal interest rates.

The Bitcoin halving is best viewed as a symbolic event more than anything else, as it demonstrates Bitcoin's value proposition against the backdrop of relatively high inflation rates.

Although the block reward was recently halved, it is the profitability of Bitcoin miners with less efficient mining hardware that is at risk. As Bitcoin miners with weak profits exit the Bitcoin network, analysts expect a significant decline in the hashrate and merge rate among Bitcoin miners with the highest share of Bitcoin miners listed on the exchange.#bitcoin